Most people who buy Honda’s first-ever electric SUV will be able to take advantage of the full $7,500 EV tax credit offered by the U.S. government. "The federal tax credit applies to the purchase of all 2024 prologues built after Feb. 26, 2024," the automaker said Thursday in a press release. "All 2024 Prologues will qualify when leased.
The news about the Prologue qualifying comes about six weeks after the automaker revealed that it was targeting March for the electric vehicle’s debut on the market. Honda has described the Prologue as a "spacious, adventure-ready" midsize SUV that can travel nearly 300 miles with a fully-charged battery. It comes in three different trims – EX, Touring and Elite.
The automaker first revealed plans to make the Prologue in the summer of 2021. It relies on a "highly flexible global EV platform powered by Ultium batteries" through a partnership with General Motors, it said. The launch of the Prologue is meant to help Honda’s efforts of transitioning to ultimately only selling electric vehicles in North America. The automaker has said it wants to hit that milestone by 2040.